Apple Corporation and Micro Economics Principles

Abstract

The aim of the study is to identify the market trends of the Apple corporation. It was also noted that the importance of microeconomics and the role of microeconomics in apple corporation had great impact on customers purchase decision. It was also noted that the business strategy of apple corporation is highly effected as to grab customers attention and due to rise in market price of Apple Corporation the competitors has effected its business. The newly entrant in the market had captured the customers attention. Now it's the time for Apple Corporation to launch new products and technology as to retain their customers.

Abstract2

Introduction4

Business Decision Making4

Apple Corporation - An Introduction5

Apple Corporation and Micro Economics Principles5

Current Situation of Apple Corporation6

Global Condition has an Impact on the Company6

Rapid Technology Change has affected the brands7

To Retain Customer Demand7

In Competitive Market Profit Maximizing Firms7

The role of distributers and sellers in retaining company image8

The Revenue of the Company8

Impact of Stock Price on the Apple Corporation8

Conclusion9

References10

Introduction

Economics is the study regarding the resources used by the individual as to live in a society. There is a view that people think economics is the study regarding stock market, inflation or unemployment. There are two major subgroups of economics they are microeconomics and macroeconomics. Microeconomics deals with the household firms and indictors as they deal with the individual decision making behavior. In comparison macroeconomics deals with the economy of the country The difference that was identified between the macro and micro economics is that the macro looks with wide lens and micro looks with the narrow focus lens (Lee, J).

The Microeconomics deals with the consumers in the market. Besides this it also deals with the business decision making process that takes place in the field of economics. Micro Economics deal with the consumers and its decision making process. It identifies that the business of buying, selling regarding the goods and services (Anderson). It deals with the competitive price of selling goods and services to the consumers. It also deals with the supply demand ratio. They spend on the goods and services to retain their consumers. Besides this it also deals with the business decision making. The consumer products and services purchasing is based on the concept of utility. One can measure the feeling of satisfaction for the consumers by selling the good and service to the consumers (Davis, 2013).

Business Decision Making

The process of business decision making and consumer decision making is of high priority. There are choices being made on variety of topic it incorporate the micro economics in business decision making strategies. In order to attain business decision making the reliability is a major area for the matter of concern. In business decision making role of firms that deals with the demand and supply factors plays a vital role in the micro economics decision making process. The factors that play an eminent role in identifying the data regarding micro economics are. Logic, as to identify what the competitor is doing, the state of economy ...